Universal Display reported excellent financial results for Q2 2017. Revenues increased 59% (compared to Q2 2016) to $102.5 million, with material sales increasing 110% to $46.8 million. Net income increased $25.4 million to $47.2 million.
UDC has $380 million in cash and equivalents, and is on the lookout for opportunities to use this money. UDC also increased its guidance for 2017 to be in the range of $285 million to $300 million.
In May 2017 Cynora announced a new blue TADF emitters that achieves a 15% EQE at 1000 nits with an emission peak of 470 nm and a LT97 of > 90 hours (at 700 nits) on a device level. Cynora has stated several times that it aims to commercialize its first highly efficient blue TADF emitter by the end of this year.
According to Cynora, the performance requested from customers is an EQE (at 1000) of over 15%, a lifetime (LT97 at 700 nits) of over 100 hours and a wavelength of 460 nm (color purity FWHM 60 nm).
In 2015, Taiwan's PMOLED maker WiseChip Semiconductors licensed National Tsing-Hua University's blue-light free OLED lighting technology (called Candlelight OLEDs), with an aim to mass produce these OLEDs by the end of 2017.
National Tsing-Hua University demonstrated the latest panel at SID DisplayWeek a few weeks ago, as can be seen in the video above.
Korean news site DDaily posted an interesting article that states that LG Display is looking to replace the fluorescent OLED emitter used in its OLED TVs with a blue TADF emitter.
Following the introduction into LG's OLED TV production process, LG hopes to also use TADF materials in its small and medium OLED production. The report is a bit confusing, but it seems that LGD also aims to use its WOLED display in small and medium display formats - even for VR applications.
Idemitsu Kosan and BOE Display agreed to form a strategic alliance with an aim to develop high-performance OLED materials and displays. Specifically, Idemitsu intends to develop and supply OLED materials in accordance with BOE's needs, as BOE is starting to mass producing OLED displays in several fabs in across China.
Idemitsu Kosan is in the process of expanding its OLED material production at its Korean subsidiary Idemitsu Electronic Materials Korea, and the company also recently established a new OLED materials development company in Switzerland. Idemitsu is supplying its OLED materials to both LG Display and Samsung Display and is apparently enjoying an increased demand and is looking to start selling its materials to BOE DIsplay as well. We recently posted aninterview with Idemitsu's electronics materials chief.
Germany-based blue-TADF OLED emitter developer Cynora announced that it achieved a new performance record with its latest blue emitter material - which the company believes is the best overall performance of a high-efficiency blue emitter ever.
Cynora's new blue achieves a 15% EQE at 1000 cd/m² with an emission peak at < 470 nm and a LT97 of > 90 hours (at 700 cd/m²) on a device level. Cynora says that it is very confident that it can commercialize its first highly efficient blue emitter by the end of this year, as planned.
Universal Display announced its financial results for Q1 2017. The company reported an excellent quarter, with revenues of $55.6 million (up 87% from Q1 2016) and net income of $10.4 million (up from $1.9 million in Q1 2016). Material sales were $46.6 million, up 92% over Q1 2016.
Universal Display believes that the OLED industry is poised to grow faster than earlier expectations in 2017, and the company raised its 2017 guidance to at least $260 million to $280 million - reflecting a year over year growth of 30% to 40%.
Merck is going to discuss its latest soluble OLED material performance at SID DisplayWeek 2017 next month. Merck will detail the printed device efficiencies, voltages, and colors.
According to Merck, the efficiencies of its soluble OLED emitters are now comparable to state-of-the-art vapor-processed devices. Merck will also suggest a move from an evaporated blue common layer device architecture to a printed blue.
The EU launched a new project called HyperOLED with an aim to develop materials and matching device architectures for high-performance, hyperfluorescence TADF OLED emitters. HyperOLED is coordinated by Merck, and the project partners include MicroOLED and the Fraunhofer IOF institute. This three years project received a €4 million grant from the EU.
These OLED emitters will be realized by combining TADF molecular hosts with novel shielded fluorescence emitters, targeting saturated blue emission of very high efficiency at high brightness. The project will also achieve efficiency gains through molecular alignment to enhance light outcoupling.
Dr. Andreas Haldi was appointed as CYNORA's Chief Marketing Office in 2016. CYNORA develops efficient blue TADF OLED emitters, and Dr. Haldi was kind enough to participate in this interview and help us understand CYNORA's business and technology.
Q: Thank you Andreas for helping us understand CYNORA's business and technology better. CYNORA has set up on a focused mission to develop a commercial blue TADF emitter. What will you consider to be a market-ready material, in terms of lifetime, efficiency and color point?
For the last 5 years, CYNORA has worked on developing thermally activated delayed fluorescent (TADF) OLED emitters. End of 2015 we started to focus on efficient blue materials, which are still a key issue for OLED displays. Compared to the red and green pixels, the blue pixel is much less efficient. An increased efficiency of the blue pixel would therefore significantly reduce the power consumption of the display.
